Live News COMMODITY H impact May 29, 2026, 04:00 AM UTC

Oil falls 1% on US-Iran deal

Oil prices decline as a potential US-Iran ceasefire deal reduces demand concerns. Global crude supply may increase if tensions ease.

SQUAWKNEWS Updated May 29, 2026, 04:12 AM UTC

Oil prices decline as a potential US-Iran ceasefire deal reduces demand concerns.

Global crude supply may increase if tensions ease.